QuadrigaCX
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š QuadrigaCX Mystery: The $190 Million That Vanished with a Dead CEO
In early 2019, the Canadian crypto exchange QuadrigaCX made global headlines when its CEO, Gerald Cotten, was declared dead during a trip to India ā allegedly from Crohnās disease.
šµ The twist? Cotten was the only person with access to the cold wallets holding over $190 million worth of user funds. Suddenly, 115,000 customers were locked out of their assets ā and suspicions soared.
šµļø Some believed Cotten had faked his death and escaped with the crypto. Investigations revealed poor management, missing funds, and even suggestions of a long-running Ponzi scheme.
š The QuadrigaCX case remains one of the most bizarre and unsolved mysteries in crypto history ā a chilling reminder to never rely on a single point of failure in the decentralized world.
š·ļø #QuadrigaCX
#CryptoMystery
#GeraldCotten
#LostFunds
#Cold
In early 2019, the Canadian crypto exchange QuadrigaCX made global headlines when its CEO, Gerald Cotten, was declared dead during a trip to India ā allegedly from Crohnās disease.
šµ The twist? Cotten was the only person with access to the cold wallets holding over $190 million worth of user funds. Suddenly, 115,000 customers were locked out of their assets ā and suspicions soared.
šµļø Some believed Cotten had faked his death and escaped with the crypto. Investigations revealed poor management, missing funds, and even suggestions of a long-running Ponzi scheme.
š The QuadrigaCX case remains one of the most bizarre and unsolved mysteries in crypto history ā a chilling reminder to never rely on a single point of failure in the decentralized world.
š·ļø #QuadrigaCX
#CryptoMystery
#GeraldCotten
#LostFunds
#Cold
I'm feeling ambiguous about the tokens/coins and its custody with #binance and other crypto trading apps.
The next war could be related to hacking the crypto trading apps.
See #QuadrigaCx
then #Bitfinex
then #WazirX
The next war could be related to hacking the crypto trading apps.
See #QuadrigaCx
then #Bitfinex
then #WazirX
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